Mr. Bernanke, Save our $ 100 Million Bonus!
The whining CEOs of America are at it again. In chorus they are calling for the Federal Reserve to decrease interest rates. The tight monetary policy is destroying the economy. Mr. Bernanke, can’t you see that we are in a recession and we will lose our jobs. Mr. Bernanke, Please drop interest rates, our $100 million dollar bonus is based on stock performance. Without intervention from the FED our stock prices will go down. It will be a disaster, this year we will only make $2 million.
It does not matter that these CEOs have driven their companies to the brink of disaster. It does not matter that they have fired their US employees. It does not matter that customer service is now inexistent. It does not matter that these CEOs have lost their competitive advantage by purchasing shoddy products from “developing markets.” It does not matter that they have knowingly introduced into the US market dangerous products undercutting the profitability of US produced goods and services. All that matters is that these “Pezzi da Novanta” are going to lose their bonuses.
Yes, I agree, the US economy is in the pits. Yes, there are many problems. Yes, unemployment is really about 12% instead of the 4.5% listed in the government data. Yes, public debt is 70% of GDP as measured by GAAP. But inflation is also rampant and the only way to bring it down is with tough love economic policy. We must reduce our debt, not by breaking the contract of Social Security, but be eliminating tax breaks and removing tax relief for the top 0.5% of the population. We must stop subsidizing US companies who produce products outside of the US through wars to “protect US interests.” We must eliminate financial institution’s stranglehold on US citizens by passing tough usury laws making “fees” part of interest costs and limiting interest to 10% above LIBOR.
We must take on inflation. Interest rates are historically low. Lowering interest rates at this point will only increase inflation. It will not take on the reasons why we are in such a mess. We are in this predicament because corporate America has taken over the government. America is longer a place of dreams. Americans are simply cattle for the slaughter for corporations.
Do not worry corporate America. Mr. Bernanke will come to your rescue. Good economic policy is simply a matter of perception. You will get your interest rate cut. The stock market will go up and you will get your end of year bonus. Unfortunately the future will not be as bright. Monopoly style economic policy will create further dislocations in our economy and sooner or later the piper will be paid.
Tags: Government Politics China Corporate America Finance Economy Reaganomics
It does not matter that these CEOs have driven their companies to the brink of disaster. It does not matter that they have fired their US employees. It does not matter that customer service is now inexistent. It does not matter that these CEOs have lost their competitive advantage by purchasing shoddy products from “developing markets.” It does not matter that they have knowingly introduced into the US market dangerous products undercutting the profitability of US produced goods and services. All that matters is that these “Pezzi da Novanta” are going to lose their bonuses.
Yes, I agree, the US economy is in the pits. Yes, there are many problems. Yes, unemployment is really about 12% instead of the 4.5% listed in the government data. Yes, public debt is 70% of GDP as measured by GAAP. But inflation is also rampant and the only way to bring it down is with tough love economic policy. We must reduce our debt, not by breaking the contract of Social Security, but be eliminating tax breaks and removing tax relief for the top 0.5% of the population. We must stop subsidizing US companies who produce products outside of the US through wars to “protect US interests.” We must eliminate financial institution’s stranglehold on US citizens by passing tough usury laws making “fees” part of interest costs and limiting interest to 10% above LIBOR.
We must take on inflation. Interest rates are historically low. Lowering interest rates at this point will only increase inflation. It will not take on the reasons why we are in such a mess. We are in this predicament because corporate America has taken over the government. America is longer a place of dreams. Americans are simply cattle for the slaughter for corporations.
Do not worry corporate America. Mr. Bernanke will come to your rescue. Good economic policy is simply a matter of perception. You will get your interest rate cut. The stock market will go up and you will get your end of year bonus. Unfortunately the future will not be as bright. Monopoly style economic policy will create further dislocations in our economy and sooner or later the piper will be paid.
Tags: Government Politics China Corporate America Finance Economy Reaganomics
Labels: Budget, CEO Pay, Class Warfare, Economy, Financial Institutions, Future, Populism, Public Debt
posted by Small Business USA at 10:39 AM
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